Sierra Income Corporation Tender Offer Price may mean losses for investors.
A recent Sierra Income Corporation tender offer could mean losses for investors. If have suffered losses, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to SEC filings, on May 20, 2016, Sierra Income Corporation, in connection with the offer by the Company to purchase up to 1,005,447 shares of its issued and outstanding common stock, 855,215 Shares were validly tendered and not withdrawn pursuant to the Offer and the Company purchased approximately 855,215 Shares at a price equal to $8.04 per Share (which represents the Company’s net asset value per share as of March 31, 2016).
Loss on Capital Investment
Unfortunately for many investors, it appears that the Sierra Income Corporation tender offer price would represent a significant loss on their capital investment.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like Sierra Income Corporation, onto unsuspecting investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in Sierra Income Corporation and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.